Memo

TITLE OF BILL: An act to amend the public authorities law, in relation to authorizing the dormitory authority to construct and finance certain facilities for The Beacon Institute, Inc.

PURPOSE: This bill would allow The Beacon Institute, Inc. through the Dormitory Authority to improve and construct research and education facilities at its upstate research and development center located at the Old Main Building at Clarkson University's downtown campus.

SUMMARY OF PROVISIONS: This bill amends paragraph (b) of subdivision 2 of section 1676 and subdivision 1 of section 1680 of the Public Authorities Law to add Clarkson University.

JUSTIFICATION: This bill will enable The Beacon Institute to access Dormitory Authority services for the development of future projects at Clarkson University. The Beacon-Clarkson Center for Advanced Environmental Technology (CAET) was founded by Beacon Institute and Clarkson University to create and implement technological innovations that advance research, public policy and education regarding water and water resources. The 13,000 square foot Old Main Building, located at Clarkson University in Potsdam NY will be equipped to provide engineering and technology research and development functions in conjunction with and support of the continued development of the River and Estuary Observatory Network (REON) including but not limited to design, fabrication, construction, testing and eventual commercialization of technology. Funding for this project is already available in the UDC (Urban Development Corporation).

LEGISLATIVE HISTORY: New in Senate.

FISCAL IMPLICATIONS: None.

EFFECTIVE DATE: Immediate.

Text

STATE OF NEW YORK
________________________________________________________________________
4521
2011-2012 Regular Sessions
IN SENATE
April 8, 2011
___________

Introduced by Sen. GRIFFO -- read twice and ordered printed, and when
printed to be committed to the Committee on Corporations, Authorities
and Commissions
AN ACT to amend the public authorities law, in relation to authorizing
the dormitory authority to construct and finance certain facilities
for The Beacon Institute, Inc.
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The undesignated paragraph of paragraph (b) of subdivision
2 of section 1676 of the public authorities law, as amended by chapter
605 of the laws of 2007, is amended to read as follows:
The Beacon Institute, Inc., a domestic not-for-profit corporation
formerly known as the Rivers and Estuaries Center on the Hudson, Inc.,
for the acquisition, financing, refinancing, construction, recon-
struction, renovation, development, improvement, expansion, furnishing
and equipping or otherwise providing for facilities for conducting a
program of research and education that advances the understanding of
rivers and estuaries and develops policies and practices that benefit
the human and natural communities that depend upon these ecosystems,
located at Beacon Harbor and Denning's Point in Beacon, New York, The
Upper Hudson Research Center at Troy, located at the waterfront in Troy,
New York and the Center for Tributary Study, located at Creek Road in
Beacon, New York, AND THE OLD MAIN BUILDING AT CLARKSON UNIVERSITY
LOCATED IN POTSDAM, NEW YORK.
S 2. This act shall take effect immediately.

EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10436-01-1

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